Downer EDI class action

Nothing. Registering for the Downer EDI Class Action will not expose you to any out of pocket cost. Unless and until there is a successful outcome, all costs will be borne by Maurice Blackburn.

In the event of a successful outcome, any costs payable to Maurice Blackburn will be deducted from, and will not exceed, any compensation that you are entitled to receive. For more information, please refer to the FAQ below titled How is the Downer class action funded?

Read more about class actions costs.

It is difficult at this early stage to predict how much you may ultimately recover as a result of losses that may have been suffered.

At a later stage in the class action, we will be able to provide you with a preliminary loss calculation, to give you an idea of your possible loss on one of the methods which might be employed by the Court. However, all claims will be the subject of further investigation and legal advice and your loss figure may change.

Maurice Blackburn has entered into a Co-Funding and Management Agreement with William Roberts Lawyers and CASL Funder Pty Ltd as trustee for CASL Fund 1 (CASL).

On 6 October 2023, Justice Delany made a group costs order (GCO) in the Downer EDI Class Action. A GCO is an order that the legal costs payable to the plaintiffs’ lawyers be calculated as a percentage of any award or settlement amount that may be recovered in the proceeding. In this case, the Court ordered that the GCO percentage be set at 21%. This means that the total legal and funding costs for running the case will be set at 21% of any award or settlement amount.

Costs are payable only in the event of a successful outcome, in which case they will be deducted from any settlement or judgment amount, so group members will not be liable to pay any ‘out of pocket’ costs.

Further information with respect to the funding of the proceeding can be found in the Funding Information Summary Statement.

No. Eligibility is not determined by whether or not you still hold shares in Downer EDI. As long as you acquired or purchased Downer EDI shares during the claim period you are at this stage eligible to register to participate in the Downer EDI Class Action.

First, it allows Maurice Blackburn to confirm that you are a group member and to provide you with information concerning the progress of the investigation and litigation and your potential claim, as well as to contact you if you become eligible to receive compensation. You may become eligible to receive compensation in the event that the Downer EDI Class Action settles at a mediation, or if there is a favourable judgment.

Second, there is no cost to register. If you wish you are also able to sign a costs agreement for Maurice Blackburn to represent you in the proposed class action.

Third, in the event of a successful settlement or judgment, there is a risk that Maurice Blackburn will not know about your claim or how to contact you, if you have not registered.

Maurice Blackburn is Australia’s leading class actions law firm with an unparalleled record of helping our clients secure the nations’ largest class actions recoveries, totalling over $4.3 billion since 1998.